Rani Baes: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
Rani Baes
Largest movements
- Deferred charges and accrued income -€16,412
down €16,412 (-96.2%), from €17,068 to €656
- Cash +€13,154
up €13,154 (+44.4%), from €29,630 to €42,784
mainly Deferred charges and accrued income (+€16,412) and Depreciation (+€3,511)
- Receivables within one year +€9,451
new in 2025: €9,451
of which Trade receivables: +€6,194
- Trade debts +€2,415
up €2,415 (+162%), from €1,493 to €3,908
- Other debts +€1,603
up €1,603 (+39.0%), from €4,113 to €5,716
- Reserves +€1,410
up €1,410 (+3.5%), from €39,951 to €41,361
- Tax, wage and social debts +€754
up €754 (+27.3%), from €2,760 to €3,514
- Gross operating margin -€21,948
down €21,948 (-70.3%), from €31,208 to €9,260
- Taxes -€4,518
down €4,518 (-66.8%), from €6,760 to €2,242
- Other operating charges +€613
up €613 (+117%), from €526 to €1,139
- Depreciation +€479
up €479 (+15.8%), from €3,031 to €3,511
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €52,317 | €58,499 | +€6,182 | +11.8% |
| Fixed assets | 21/28 | €5,618 | €5,608 | -€11 | -0.2% |
| Tangible fixed assets | 22/27 | €5,618 | €5,608 | -€11 | -0.2% |
| Plant, machinery and equipment | 23 | €606 | €199 | -€406 | -67.1% |
| Furniture and vehicles | 24 | €5,013 | €5,408 | +€396 | +7.9% |
| Current assets | 29/58 | €46,698 | €52,892 | +€6,193 | +13.3% |
| Amounts receivable within one year | 40/41 | - | €9,451 | +€9,451 | |
| Trade receivables | 40 | - | €6,194 | +€6,194 | |
| Other amounts receivable | 41 | - | €3,258 | +€3,258 | |
| Cash at bank and in hand | 54/58 | €29,630 | €42,784 | +€13,154 | +44.4% |
| Deferred charges and accrued income | 490/1 | €17,068 | €656 | -€16,412 | -96.2% |
| Total equity and liabilities | 10/49 | €52,317 | €58,499 | +€6,182 | +11.8% |
| Equity | 10/15 | €43,951 | €45,361 | +€1,410 | +3.2% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €39,951 | €41,361 | +€1,410 | +3.5% |
| Distributable reserves | 133 | €39,951 | €41,361 | +€1,410 | +3.5% |
| Amounts payable | 17/49 | €8,366 | €13,138 | +€4,772 | +57.0% |
| Amounts payable within one year | 42/48 | €8,366 | €13,138 | +€4,772 | +57.0% |
| Trade debts | 44 | €1,493 | €3,908 | +€2,415 | +162% |
| Suppliers | 440/4 | €1,493 | €3,908 | +€2,415 | +162% |
| Taxes, remuneration and social security | 45 | €2,760 | €3,514 | +€754 | +27.3% |
| Taxes | 450/3 | €2,760 | €3,514 | +€754 | +27.3% |
| Other amounts payable | 47/48 | €4,113 | €5,716 | +€1,603 | +39.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,031 | €3,511 | +€479 | +15.8% |
| Other operating charges | 640/8 | €526 | €1,139 | +€613 | +117% |
| Gross operating margin | 9900 | €31,208 | €9,260 | -€21,948 | -70.3% |
| Operating profit (loss) | 9901 | €27,651 | €4,610 | -€23,041 | -83.3% |
| Financial income | 75/76B | €0 | €0 | -€0 | -33.3% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -33.3% |
| Financial charges | 65/66B | €125 | €125 | +€0 | 0.0% |
| Recurring financial charges | 65 | €125 | €125 | +€0 | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €27,526 | €4,486 | -€23,041 | -83.7% |
| Income taxes | 67/77 | €6,760 | €2,242 | -€4,518 | -66.8% |
| Profit (loss) for the period | 9904 | €20,766 | €2,243 | -€18,523 | -89.2% |
| Profit (loss) for the period to be appropriated | 9905 | €20,766 | €2,243 | -€18,523 | -89.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.